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Search Results 0 to 49 of about 434 (some duplicates have been removed)
KCSMMHZ
Dec 28, 2012 2:30pm PST
draghi. he promised the european central bank would do everything in its power to preserve the euro, and that really release energy and restored some confidence also for the bureau. in 2013, people see more share market. the dax could reach a new record highs. people do expect it to be a bumpy road again. the growth percentage-wise probably not quite as big as it was this year. >> let's take a look at the numbers now on the last day of trading in frankfurt. the dax ended the day just over 0.5% down. euro stoxx 50 lost more ground than that. as for the dow over in new york, it is down 0.6%. the euro shedding just a little bit of ground against the dollar. >> in other news now, the united states says it deeply regrets the passage of a new law in russia that bars american citizens from adopting russian children. president vladimir putin has signed the law, which places new strains on bilateral relations. >> the new law comes in response to american legislation that withholds visas to russians accused of human rights violations and freezes their u.s. assets. >> most bills signed by pres
KCSMMHZ
Dec 11, 2012 2:00am PST
have debts they cannot repay. they have three loans adding up to more than 300,000 euros in total. >> it was so easy to get credit. no questions asked. they just gave us something to sign, and we did not read the small print. if you do not have a regular income and cannot make the payments and you are two or three months behind, then you have to pay a late fee. the apartment has and 85,000- euro mortgage, and we pay up to 200 euros a month just to cover the interest. >> they are not alone. cyprus has the highest level of private household debt in the entire eurozone. when the supreme economy was booming and everyone had jobs, private individuals borrowed some 20 billion euros from banks to buy cars and set up businesses, but this crisis has left many unable to pay back their loans. >> i cannot pay my debt because no customers are coming to my shop, and in addition to the credit, i have to pay rent and wages. >> my loan is 1/5 of my salary, which means it is a balanced loan by the government. >> i need to pay 30,000 pounds each year so my son can study in england. i borrow money to
KCSMMHZ
Dec 3, 2012 2:30pm PST
because the euro crisis is not on the agenda does not mean it cannot royal the waters -- roil the waters. there is also the very crucial question of who the next coalition partner will be, if it wins a large share of the vote in september. the current junior coalition partner, the free democrats, are looking quite weak, possibly might not make it into the next parliament. that would leave the cdu looking around for the next order. that could provoke real controversy. >> thank you very much. >> the doha climate talks. to have reached -- talks appear to have reached the boiling point. >> they are failing to find common ground at this u.n. conference. delegates in to seal an intern -- delegates came to seal an interim pact. >> environmental groups holding a silent protest at the conference. after a week of talks, there has been little progress. the kyoto protocol expires at the end of the year. the question now is whether or not it will be extended and which countries sign up. another issue is how much more money developing countries should get to help them deal with the effects of climate
KCSMMHZ
Dec 13, 2012 2:30pm PST
the euro again. >> the european union leaders held an agreement that would tend banking supervision away from national governments and park -- would take banking supervision away from national governments. >> if the bank -- does need a bailout, all of europe will help foot the bill. >> the deal came after a prolonged deadlock over the details of the proposal. the german chancellor was full of praise for the outcome. but it's a good sign that the finance ministers agreed on a banking supervisor. it is a big step towards greater confidence and trust in the eurozone. >> countries like france and italy have pat -- have pushed for a speedy resolution. banking supervision paves the way for a direct supervision -- direct injection into ailing banks. >> it is no longer the sole responsibility of the member states. rather, all of europe will step in. >> but president hollande did not get everything on his wish list. germany insisted that smaller banks, which make up a large part of its banking system, be overseen by national authorities, and it got its way. >> it is important to have a clear divi
PBS
Nov 30, 2012 6:30pm PST
is worth some 44 billion euros. >> germany's finance minister has defended the package, saying that a greek bankruptcy would be a major blow to the world economy. >> rescuing greece has been a main priority for the government, the citizens want to know -- what will it cost? >> an overwhelming majority bank of the measures, although the opposition left party voted no. there is still a sense of unease among lawmakers about the cost to taxpayers. the finance minister sought to calm the doubts. >> we are pursuing a policy that restructure's degree budget and economy with as few costs and risks as possible for both germany and your -- europe. it is our goal and must remain our goal that greece at some point must shoulder its debts on its own and that the markets accept greece as a creditor. >> athens still has a long way to go before that happens. german lawmakers acknowledge the sacrifices greeks have already made and understand the ongoing protests. the necessary measures are hitting a lot of people hard. the new bailout package is worth 44 billion euros. germany will bear 730 million of that
PBS
Dec 3, 2012 7:00pm PST
missiles. they're also considering raising the country's alert status by one notch. >>> euro zone finance ministers approved a loan just last week. now the greeks have announced one way they will use the funds. what's the latest? >> one of the requirements for greek receiving the bailout fund is they cut down their debt. they will buy back government bonds a t a discount. greek officials said on monday they will purchase the bonds from private financial institutions. they will pay 30 to 40% of the original price before the bonds mature. the announcement came a week after euro zone finance ministers agreed to offer 43.7 billion euros. that's about $57 billion. greek officials said the creditor institutions will receive bonds issued by the euro zone's bail out fund instead of cash. the buy back program is a condition leaders must fulfill to receive the next cash infusion. the success depends on the bond holders. finance chiefs met in brussels to discuss how to proceed with extending eight degrees. euro president said the region's financial authorities will monitor greece's bond buying back
KCSMMHZ
Dec 18, 2012 2:00am PST
costs. she gets the equivalent of 150 euros a month -- just about enough in the warmer months but not in the winter. >> it was so cold last winter that my fridge froze. i only have a small stove, but it is too expensive for me to light. i have to spend a lot of money on vacation, so i do not put on the stove. i spend the equivalent of 50 euros on medication. >> these apartments were built in the 1970's. there was running water and central heating -- luxury for many of the 500 visually impaired people who moved in back then. >> the housing blocks were in good condition in those days. the factories that belong to the blind association still worked according to a command economy principles. the income of the factories was used to pay for the maintenance of the apartments, but demand has collapsed, and we do not have any money anymore. blind people now have to pay for renovation and maintenance themselves. >> in 2007, the country joined the european union, but the average monthly wage still only amounts to around 370 euros. like most blind people here, she cannot find a job and ha
KCSMMHZ
Dec 4, 2012 2:30pm PST
central bank will become the supervisory body for the whole euro banking area, insuring heavy capitalization of banks to bolster them against future economic shocks. germany does not think that is necessarily the right body to do it. it certainly does not think that all 6000 banks in europe should be involved. france on the other hand -- france and spain leading the charge, saying that this must be done now. financial markets are being very good and not panicking, but if they see continued failure of eurozone finance ministers to agree to this, we might get the restoration of finance of duties, which of costa much trouble in recent years. the deadline for agreeing is no overarching bank advisory super body is meant to be in place on january 1. it does not look likely, and a lot of frustration at this meeting today with the sides deeply divided and no sign of agreement. that, of course, is the basic issue -- why has there not an overarching supervisory control? precisely because it was difficult to do then. the eurozone crisis highlighted that failure, and we've still got the s
KCSMMHZ
Dec 7, 2012 2:30pm PST
euros to holders of its sovereign debt at a buyback value of up to 40 cents per euro. to be successful, the sale has to cut a greek national debt by 20 billion euros. news from athens made investors nervous this friday. our correspondence sent us this report from the frankfurt stock exchange. >> the suspense on the stock trading floor that weather or not the creditors of greece would take part in the debt buyback was too much for many investors. they decided to take some of the book's profits and sell shares. shares of deutsche telekom were the biggest dax losers. in order to invest money into new technologies such as broadband networks, they decided to cut the dividend for investors. now, many people here fear that this is something that more companies might do also next year, especially if the situation of the eurozone economy does not improve. >> let's take a quick look at some market numbers now. the dax ended the day almost 0.25% down. the euro stocks 50 down just a tad. across the atlantic, the dow jones is currently going up about 0.3%, and the euro is trading for $1.2925. >> th
KCSMMHZ
Dec 18, 2012 2:30pm PST
. it does not make much ecological or economic sense. millions of euros are thrown out every year. environmentalists are calling for brussels to enact a throwback band. >> a fisherman has to bring what he catches into port. that would put pressure on the fishing industry because they only want to bring back the valuable kinds. >> in short, throwing good fischbach to see is cheaper than buying new nets like this one. the special design only catches the place. >> it means fishing less foot fishing more sustainably, more intelligently. we are calling on ministers to reduce the quota in line with recommendations. >> what exactly this quarter will look like, which countries will be permitted to catch how much fish will be discussed in brussels until thursday. >> greece's international lenders say the deeply indebted nation deserves to keep getting funds for a bailout, but they continue to warn that there are very large risks that the greek economy could eventually collapse. >> the report from the european commission and european central bank comes as athens receives a long overdue inst
KCSMMHZ
Dec 19, 2012 2:30pm PST
story this hour -- germany investing 10 billion euros to ensure renewable energy is available. >> will the debate be different in america after the new town school massacre. -- newtown school massacre? >> german policymakers say the countries making good progress and plans to phase out nuclear energy and increase its dependence on renewable energy. >> in berlin this morning, they delivered their first assessment of infrastructure changes that will be needed to phase out nuclear power by 2020. >> with federal elections next year, energy is a key policy issue, and the government says 10 billion euros is being invested to keep the country's infrastructure up to date. >> germany's economics minister and environment ministers say they want to work together to complete the country's energy transformation. in the past, they have squabbled about details, but now, they say they are united. >> we are going to reach our goals. environmental protection by phasing of nuclear energy and expanding the use of renewals, ensuring energy security despite turning off eight nuclear plants, and a t
LINKTV
Dec 18, 2012 7:00pm PST
think was s&p is catching up to is the improved political goodwill in the rest of the euro area towards the greek economy. yesterday, greece got 34 billion euros as a quid pro quo for having implemented a long list of reforms and fiscal austerity. s&p as saying, we expect this money to continue to flow from up euro area. nd we expect thre greek government to continue to implement economic reforms in the future. >> does this upgrade change anything for grece in rea ?ce ter >> the greek exit from the euro area is an extremely unlikely event, precisely for the reason s&p outlined -- that the euro area has politically decided to keep greece in the euro area. this is not something that will make a big difference in the short term, but because it does not reflect a change in the domestic economy in greece. it's equally important, it does not really change anything with respect to the european central bank, because they continue to provide financial support for the greek banking system but they do not rely very much on standard & poors or other credit ratings anymore. so this is more of a head
CNBC
Dec 13, 2012 4:00am EST
>>> welcome to "worldwide exchange." i'm kelly evans. the euro bounces on the news but stocks in europe are trading lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel coun
LINKTV
Dec 30, 2012 2:00pm PST
, the economic performance has been strong, but their future is intricately tied to the euro zone. 2013 and angela merkel. she faces challenges on the domestic front. a report. >> let us days and look as best as we can into the crystal ball to the year ahead for angela merkel. she emerged as perhaps the world's most powerful woman, certainly germany's most popular politician, but 2013 could well be a year of living dangerously for the german chancellor. at a recent conference, she rallied the troops for an election in september. >> we have kept our promise. through our leadership, germany has emerged stronger. >> she repeated her tough stance on bailouts and the need for budgetary tightening that made her so popular in germany, but her problem is even coming first in the elections will not be enough. >> she has a very unstable coalition. she needs the coalition right now. she is considered to be a favorite coalition partner. >> at this time, the arithmetic suggests that her new coalition partner after the vote will be her biggest political opponent. this would likely signal a shift away
KCSMMHZ
Dec 1, 2012 8:00am PST
for winter. >> at the moment our energy costs are one million euros a year -- for electricity and gas -- and we hope this will help us save 10% to 15% in the upcoming years. >> the production is done in two shifts. these screws are exported as far away as china. the new heating system in the warehouse was funded by a special loan for energy efficiency. the warm water flows through pipes under the concrete floor. that doesn't just save energy costs. >> it used to be very cold in here before we got the heating. water would condense on the newly made screws, and that was very bad because the metal would start to rust. that caused a lot of damage and we had to produce a lot of them over again. >> fifteen years ago, regular production was unthinkable here. during the war in bosnia a grenade hit the screw factory. >> in 1996, after the fighting, when we wanted to start up production again, the hall behind me was burnt out. the entire roof was gone. it was chaos -- the entrance was blocked, we could hardly get into the building. >> just an hour's drive away is sarajevo, the capital of bosnia
KCSMMHZ
Dec 1, 2012 8:30am PST
in front of the building. officially, the magistrates and 600 euros per month, beginning just as in albania usually involves money changing hands. the case involves 20 victims of the communist dictatorship. they spent years in prison for protesting against the brutal isolationist regime. now they are victims again of a government that is refusing them compensation. under a law passed in 2007, the former dissidents are entitled to 14 euros for every day they spent in jail. most of the men have received only a fraction of that. we go to meet his father. the government has allotted him a room. the toilets down the corridor are hardly more than holes in the floor, and they stink. the father was also a victim of the dictatorship. he says the political prisoners were exploited and lost their property. >> i had a house in the center of town -- two bedrooms, a living room, with a big garden. today, there are three or four apartment buildings there. >> albania is celebrating 100 years of independence. flags lined the streets of the capital. the country wants to move closer to the rest of europe, and
KCSMMHZ
Dec 4, 2012 2:00am PST
to the region. hunters pay at least 5000 euros per team to take part, money the locals could really use, so he prays to god to save spain and give people jobs. >> in our region, this really could be a way out of the crisis. we hope to get customers from abroad interested in the hunt. >> the onlookers ride in a jeep while the hunters on horseback look a bit like don quixote. seven test -- cervantes' literary hero also came from this region and felt compelled to tint -- tilt to windmills'. on a hill, a tent is set up where invited guests can quench their thirst. for hard liquor, too. animal rights activists have been up in arms since pigsticking was legalized again. before the hon gets under way, we asked the organizer weather it constitutes cruelty to animals. >> the animal suffers far less during our hunt than with other hunting methods. >> than the hunt begins. the wild boar is released from a cage, and a group of writers pursue it over open country -- a group of riders pursue it over open country. the chase is on. good horsemanship is vital to take part in the hon. this made lansing wild boa
KCSMMHZ
Dec 5, 2012 2:30pm PST
euros penalty in court. >> we have this report from the frankfurt stock exchange. >> economic data from the eurozone confirms weakness. the economy in finland has slipped into a recession during the last quarter. the belgian economy only managed to stagnate. the services sector in the eurozone only managed to slow down its contraction. the transport companies, trade companies, and other companies of the services sector are far from being able to report a change of trend to the positive. no wonder that the stock market in frankfurt did not really get into gear this wednesday. an exception was made by these stocks -- the stocks of nokia. it announced an exclusive deal with china mobile, the world's largest mobile-phone services provider. they have more than 700 million subscribers. >> let's take a quick look at some market numbers. the dax ended the day at about -- up about 1/4 of 1%. euro stoxx 50 closed just a a tad up. -- just a tad up. the dow jones is at 13,076. the euro is trading at 1.3079. >> un generate -- un secretary general ban ki-moon is calling on nations to come to an agree
KCSMMHZ
Dec 10, 2012 2:30pm PST
minister. in a newspaper interview, the head of the euro bailout fund said that could mean more financial trouble ahead for italy and for the eurozone. italy has pushed through important reforms in the past year, he said. markets have honored this so far. however, they have acted with concern to the recent developments at the end of last week. u.s. ratings agency standard and poor's also expressed doubts about whether italy passed next government would remain committed to the next reforms -- italy's's next government would remain committed to the end -- italy's next government would remain committed to the reforms. >> our correspondents and does this report from the frankfurt stock exchange -- our correspondent sent us this report from the frankfurt stock exchange. >> traders have been disappointed. they have to wait another day until they get to know the outcome of the greek program. uncertainty always drags down shares, not only of traders -- if traders and investors look at greece today are watching the problems in italy. the news that mario monti will step down really dragged down the
KCSMMHZ
Dec 14, 2012 2:30pm PST
the conglomerate into bankruptcy. damages are expected to range anywhere from 120 million euros to 1.25 billion euros. it was also a big topic at the frankfurt stock exchange today. our market correspondent gave us this report from the trading floor. >> for the deutsche bank, this verdict is more than just a verdict because it weighs heavily on the image of germany's biggest bank. also because of the fact that the trial is not the only one that the deutsche bank is faced with, and some analysts are fearing now that investors might lose their confidence in dutch bank and sell their shares, so this week, though to bancshares lost by more than 5%, also because of the fact that there has been proper running. >> let's take a quick look at some of the market numbers right now. the dax ended the day up, 7596. euro stoxx 50 up slightly. the euro is trading for $1.3161. israel's foreign minister has resigned. >> that is right. his announcement comes a day after he was charged with fraud and breach of trust. the charges relate to allegations that he received classified documents concerning an investigati
KCSMMHZ
Dec 24, 2012 2:30pm PST
to be worth more than 200 million euro. they're buying more than 40 russian fighter jets. he said they're working on advanced weapons together with new delhi. >> the german chambers of industry and commerce a german exports could rise as much as 4% next year. they say there will be a substantial increase in demand for german-made products. "germany is the world's number two exporter and sales are helping keep the country out of a recession this year despite the turmoil facing several countries. >> it has been a quiet day in the markets. in the u.s., there was a half- day trading on wall street. >> a very quiet trading monday. ) three hours earlier than usual. they're waiting until the sun shines so they are waiting and hoping for better times in the coming months. the big topic remains the fiscal cliff. we don't know if we can avoid it, yes or no. there's still some hope for a kind of a deal done in the next few trading days, but all the talk about the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like
PBS
Dec 30, 2012 1:00pm PST
infertile women become mothers. in return, she will receive 750 euros per donation. that is a lot of money for the chemistry student. >> it is not a regular monthly income, but it is enough to help the family that urgently needs money. in my case, i needed to pay the registration fee so that i can keep wking towary maer's degree. >> donating eggs is legal, and an increasing number of women in spain are doing it, including here. the clinics pay up to 900 compensation and expenses for the examinations, hormone treatment, and egg extraction. anna needs the money. though she is 26, she is almost too old. this clinic is looking for even younger donors, and it has plenty of applicants to choose from. >> every day, we get calls from two or three women who want to donate eggs. we now have a list of 200 donors, even though we do not have that many potential recipients. >> donating eggs is a lucrative source of income. although in spain it is illegal to sell them, donors receive money in the form of compensation. four years ago, this professor was a member of spain's committee on bioethics and repro
CNBC
Dec 28, 2012 4:00am EST
't get. see if you can do better. it wouldn't take much. >>> greece's national bank euro bank alfa and perez says they need the money following disclosures by the lenders last week. greece is concerned that the 50 billion euros set aside for bank recapitalization will be enough to cover the shortfall. >>> and the italian treasury is holding its last debt sale of the year. traders are expecting to see solid demand for the paper after rome placed nearly 12 billion euros of shorted dated paper just yesterday. still, they warn investors could become more discerning in the new year especially as the italian electric tore ral race on thursday. italy expects to raise around 10 billion euros next year. less supply. we know there's still plenty of investor demand and no sign necessarily of re-ignited concern about the longer term health of these -- you could call them peripheral economies. >> no. things have really improved. it's all still down to the ecb's pledge to support these countries if they fulfill the conditions. especially in the case of italy. the country is fulfilling conditions
PBS
Dec 12, 2012 5:00pm PST
. they are hoping the bank of japan will take action at its upcoming policy meeting next week. euro yen quoted at 108.22 to 99. japan's nikkei average went above 9700 at one point. a weaker yen and the u.s. fed's policy decision that's what's lifting a wide range of issues here in tokyo. let's take a look at other asian markets open now. we are seeing seoul's kospi up and over in australia the benchmark is trading unchanged at 4,583. we'll see where trading takes us throughout the rest of the day. greece is buying back bonds. it exceeds the 30 billion euro target. greece had been seeking investors willing to accept at 30 to 40% of the bond's face value. the program is designed to reduce the debt burden. analysts estimate greece will be able to shave about 20 billion euro's off its debt. this will clear the way for greece to receive a new infusion ofore th bilon eos in aid from the eu and other principal lenders. the organization of petroleum export and countries held a general meeting in vienna yesterday. representatives of the 12 oil exporters agreed to retain the current production target o
CNBC
Dec 3, 2012 4:00am EST
march. so the contraction activity easing to an eight month low if you can explain away like that. euro-dollar 1.3026. we did gets a high as 1.3048 which would have been a six week high for euro-dollar. joining us for more is alan capp, head of credit straebtegyt lloyds. alan, let's get your reaction. the number is going in the right direction. does it make much of a difference? >> right now the equity markets have had a great run. they're looking a bit overstretched. so i'm strul link to see how financial markets will respond positively to this. i think we need something bell to repel us forward. >> what do these numbers translate into in your forecast? >> what these are suggesting to us is manufacturing will not be able to support any growth in the eurozone, so it suggests that the downturn in gdp is likely to continue into fourth quarter, remain in recession and that's obviously a struggle on global growth, as well. >> and we stay in recession in the first quarter? we're now in december. >> there are some signs particularly the china pmi numbers and what we've seen from gdp recently
KCSMMHZ
Dec 3, 2012 2:00am PST
,000 colones of gas each month. >> that works out to a savings of about 15 euros. the waste water has been converted into energy. back at the campus. the university also runs a banana plantation. it's also being managed sustainably. the campus plantation will serve as a model for costa rica's large commercial operations. the insects and other small creatures are also important -- they help loosen the soil. the campus plantation also uses as little chemical fertilizer and pesticides as possible. >> most commercial farms would put pesticides within this to kill any insects within the bunches. we however use a combination of chile and hot pepper. >> the workers also benefit -- they earn more than the local minimum wage, which is equivalent to about 400 euros per month. the bananas are sold abroad. the profits go to fund scholarships for 20 students. it costs about 17,000 euros a year to attend earth university, but only a few students pay the full cost on their own. >> over the years, we have been able to convince friends, donors, companies, governments -- including the german government -- t
KCSMMHZ
Dec 11, 2012 2:30pm PST
out of control. billions of euros wasted. it is a similar picture in the u.s. where a costly steel plant is incurring heavy losses due to the steel downturn. investment decisions have weighed heavily with building costs rising to 12 billion euro. to make matters worse, they have been hit with huge funds in their real division. this has triggered a leadership crisis. the executive board has asked three top executives to leave. >> until now, there has been in management style where the old boys' network was more important than corporate success. to some extent, this led to ignoring irregularities rather than correcting them. >> despite the crisis, he is trying to reverse the fortunes. they plan to sell the troubled plants in the u.s. and reduce their presence in the risky steel sector. they are examining all options. >> for more rainiers on the reaction from traders, we have this report from stefan at the frankfurt stock exchange. >> after first report on friday saying that the greek buyback program has been a success, traders have been very disappointed. also here on the frankfurt f
KCSMMHZ
Dec 20, 2012 2:30pm PST
been widely reported that nation is seeking 17 billion euros and could default if it does not receive help in the coming days. >> in germany, a surprise announcement at deutsche telekom as the chief executive says he will step down at the end of next year. >> he has struggled with structural problems at telecom since taking over in 2006. the firm has faced challenges to its foreign business entities as well. the shrinking demand in germany for its land line services. the chief financial officer will take over at the beginning of 2014. well, european markets closed little changed on thursday, but slightly to the upside at new 19-month highs. our correspondent said as the summary from the frankfurt stock exchange. >> the end of the era was a surprise to traders in frankfurt but did not worry them because his successors were known at the financial markets. it looks like a well-organized change. shares were up, but for dutch bank, the problems are getting worse. the towers have been searched again, and yesterday, the bank was convicted in milan. the shares have been lower. the german dax
KCSMMHZ
Dec 21, 2012 2:30pm PST
by nearly 0.5% -- 7636 points. your socks 50 -- euro stoxx 50 giving up 0.25%. the euro slightly weaker against the dollar, trading at a value of $1.3175. >> turning to france now where the economy is set to show minimal growth in first half of next year, according to the french national statistics institution, who predict a rise of 0.1%. >> france's economy also barely grew over the course of this year, but in what many analysts see as overly optimistic, paris has set a growth target of 0.8% for 2013 and says it is still confident it can cut its deficit to below the you-mandated level. a german power utility is cutting 1300 jobs as part of a 750 million euro cost-cutting program. >> it is germany's third biggest power company. most of the job losses will be among support and administrative staff. the company has struggled financially from having to shut down to below of its nuclear reactors over safety fears in the wake of the fukushima disaster. >> ratings agency standard and poor's has downgraded cypress again. its sovereign debt already has junk status. now it has gone down two more
LINKTV
Dec 30, 2012 4:00pm PST
of the euro zone. that will create significant dangers for the chancellor, angela merkel. nick spicer reports from berlin. >> let us gaze and peer as best we can into the crystal ball of angela merkel's year ahead. as the euro crisis swarlede -- about her, she emerged as perhaps the world's most powerful woman and certainly germany's most popular politician. but 2013 could well be a year of living dangerously for her. they rallied the troops in september. >> we've kept our promise. through our leadership, germany has emerged stronger from the euro crisis than when it entered it. >> merkel repeated, mantra-like, her tough stance on bailouts and the need for belt tightening. but the problem is that even coming in fishs in the elections won't be enough. >> she has a very unstable combination, and in the german political system it's impossible to just dominate everything with one party so she needs a coalition partner and her current one which she would consider to be her favorite coalition partner might disappear from the political scene for one term. >> at this time the lerl doctor eelectric o
Search Results 0 to 49 of about 434 (some duplicates have been removed)